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Microcap & Penny Stocks : GW GREY WOLF

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To: JUGNI who wrote (16)	10/3/1997 10:22:00 PM
From: jim p. holcomb	of 444

JUGNI, There was no bad news today; even though GW closed @ 8 7/8...unchanged. It hit a new high of 9 1/2 and undoubtedly picked up some new investors, by looking at the volume. Next week should be good and if the earnings report is above estimates, lookout..... We are in a good position because of the low price and the onshore drilling count is holding steady and most available rigs are working. The key to the earnings report is the amount of cash flow and net profit that GREY WOLF rigs have added to the total picture. I've got another buy order in @ 8 1/4 for another 2500 shares. This is a winner!!! Jim.

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